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N.Y. Business Corporation Law § 1506

Purposes of incorporation

New York · New York Business Corporation Law · Status: effective · Effective 2014-09-22

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N.Y. Business Corporation Law § 1506, Purposes of incorporation, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1095366
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§ 1506. Purposes of incorporation. No professional service corporation or design professional service corporation shall engage in any business other than the rendering of the professional services for which it was incorporated; provided that such corporation may invest its funds in real estate, mortgages, stocks, bonds or any other type of investments.